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Reports from the Metro suggest Arsenal could finally make their second summer signing after securing the deal for Sead Kolasinac from Schalke 04 on a free transfer.

Arsenal finished fifth in the Premier League last season to miss out in next season Champions League action.

The Gunners have been heavily linked with a move for the player in the last few windows but a concrete offer has never materialised from the north London club thus far.

Previous report suggested that the 26-year-old was close to a move to Spain with also Manchester United keen on a move for him.

The Mirror reports United are willing to pay up to £50m ($64.3m) for the player to fend off interest from the Gunners with other reports suggesting Wenger will break the bank in signing Lacazette after seeing a failed £87million bid for Monaco star Kylian Mbappe.

“Is the Champions League a dealbreaker for my choice? No, but it is important,” he said in a live Facebook chat hosted by Eurosport, as quoted by Goal. “In making my choice, I will look at my position [in my next club], if there are not too many players, so I won’t be benched and I will be able to play. The Premier League is interesting. That does not mean I will go, and that does not mean I will refuse to go.”